Subject: Comments for File Number S7-12-11

May 24, 2011

I was a successful building contractor for 16 years until chronic gamblers at Wall Street Casino came up with new games to play with our money, homes, economy and lives.

Tomorrow, 5/26, is the Sheriff’s Sale of my home. I am living off the proceeds from the sale of personal property and that is almost gone. I am on medical assistance - a burden on the State. I am 54 years old, college educated and highly experienced in my field, but unable to find work that provides a living wage.

Wall Street slight-of-hand practices created the housing bubble and burst it. Those same practices continue, today. Please do something to keep me from being homeless in six months.

One way to change the incentives so Wall Street doesn’t collapse our economy again would be for regulators to set up a way for shareholders to grab back ill-gotten gains.

If it turns out that the profits in a given year were built on shoddy practices that become clear in the out-years, those bonus payments should be forfeited.

Thank you for considering my comment,

Ken Harter